GREY:RVRCF - Post by User
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Pavel96on Sep 06, 2017 12:55pm
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Post# 26661948
RE:Red Cloud Klondike Strike Inc. comments on IDM Mining Limied
RE:Red Cloud Klondike Strike Inc. comments on IDM Mining LimiedAUX is just next to Smith zone... 0.03 cents. The next one to move in the Golden Triangle area.
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stockmaster989 wrote: According to Red Cloud Klondike Strike Inc.:
https://www.redcloudks.com/rcks-talk/idm-reports-highest-grade-intersection-to-date
Wednesday, September 06, 2017
IDM Reports Highest Grade Intersection to Date
IDM Mining Ltd. (TSXV:IDM) reported additional results from 28 underground holes targeting the Marc and AV Zones (Figure 1). Results from the Marc Zone returned the highest grade intersection to date of 1,400 g/t Au and 437 g/t Ag over 0.5m, within a wider interval of 149.24 g/t Au and 59.88 g/t Ag over 4.88m (uncapped) in hole U17-1289. In addition, past and recent drilling have identified intervals of wide disseminated gold mineralization between 150-300m down-dip from current reserves in both the AV and JW Zones, now named the Smit Zone. In the Smit Zone drilling was successful with mineralization identified at the planned depth of a number of holes. The identification of this new zone, which remains open down-dip, at depth and to the north, highlights the expansion opportunities that exist at Red Mountain and the company’s ability to grow reserves. Results are pending from drilling near the surface outcropping of the 141 zone. We expect ongoing drilling news and development activities to be important catalysts for the stock as the company remains focused on advancing the project towards construction (2018). IDM trades similarly to peers on a per ounce basis (C$53/oz vs. peers at C$51/oz).
Company Specific Disclosure Details
IDM Mining Ltd. - TSXV:IDM - 1,2,3,4
1) A member of Red Cloud KS team has visited/viewed material operations of the issuer.
2) In the last 12 months, Red Cloud KS has been retained under a service or advisory agreement by the subject issuer.
3) In the last 12 months, Red Cloud KS has received compensation for investment banking services.
4) Red Cloud KS or a member of the Red Cloud KS team or household, has a long position in the shares and/or the options of the subject issuer.
5) Red Cloud KS or a member of the Red Cloud KS team or household, has a short position in the shares and/or the options of the subject issuer.
6) Red Cloud KS or a member of the Red Cloud KS team own more than 1% of any class of common equity of the subject issuer.
7) A member of Red Cloud KS team or a member’s household serves as a Director or Officer or Advisory Board Member of the subject issuer.